Hengeler Mueller advises HeidelbergCement on EUR 2.5 bn Eurobond Issues

21. October 2009

HeidelbergCement has successfully completed the issue of three Eurobonds with a total volume of EUR 2.5 bn. The bonds are governed by German law and include elements of high-yield bonds which had, in the past, been mostly issued under New York law. HeidelbergCement, however, has made use of the possibilities afforded to issuers and bondholders under the new German Debenture Act and, in doing so, paved the way for the acceptance of German law in the high-yield segment. Based on a total volume of approx. EUR 2.5 bn, this is the largest ever placement of Euro Corporate Bonds in this market segment.

Hengeler Mueller advised HeidelbergCement on this transaction. The Hengeler Mueller team included partners Johannes Tieves, Dirk Bliesener, Wolfgang Gross and Hendrik Haag as well as associates Dirk Reidenbach, Timm Fabian Ebner und David Barst (all Frankfurt).

Responsible for this transaction within HeidelbergCement’s in-house legal department was Ingo Schaffernak (General Counsel).